Saudi Arabia just bought Electronic Arts for $55 billion — the largest leveraged buyout in history — putting a major American gaming and technology company under the control of a foreign sovereign wealth fund, with financing help from Jared Kushner's investment firm and $20 billion borrowed from JPMorgan.

The deal, which closed Tuesday according to both Breitbart and CNBC, takes EA off the Nasdaq and transfers ownership of American-built franchises — The Sims, Battlefield, and a stable of sports titles — to Saudi Arabia's Public Investment Fund. The kingdom has spent years buying up Western sports and entertainment assets. Now it owns one of the biggest names in American gaming.

The PIF led the consortium, with Silver Lake and Affinity Partners — the firm founded by Kushner, President Donald Trump's son-in-law — co-financing the purchase. EA shareholders will receive $210 per share in cash. JPMorgan served as deal advisor and lent approximately $20 billion to close the transaction.

Turqi Alnowaiser, the PIF's head of international investments, said in a statement that "entertainment and sports are key areas of strategic focus" for the fund. That's a polite way of saying the kingdom is buying cultural influence with oil wealth.

What neither outlet reported: whether anyone in Washington reviewed this deal at all. Foreign acquisitions of major U.S. companies are supposed to face scrutiny from the Committee on Foreign Investment in the United States, especially when they involve technology platforms. Neither Breitbart nor CNBC mentioned CFIUS, the Treasury Department, or any regulatory review. The silence from both the press and the political class is conspicuous.

The Kushner connection deserves its own scrutiny. Affinity Partners was launched after Kushner left the White House, where he handled Middle East policy and cultivated ties with Saudi leadership. Now his firm is helping the Saudi sovereign wealth fund execute the largest buyout on record. Breitbart noted Kushner's involvement in the fourth paragraph; CNBC put him in the headline. Neither outlet explored the conflict.

For the Americans who actually build EA's games, the forecast is bleak. Michael Futter, founder of F-Squared, told CNBC the debt load will force the company to retreat to its safest franchises. "I don't know how EA is going to service this debt without significant layoffs, studio closures, and possibly IP sell-off," Futter said. He also predicted leadership would "entrench themselves in the titles they think have the largest revenue potential, even if those also carry the largest risk."

In other words: an American company built over decades by American developers is now owned by a foreign government, saddled with $20 billion in Wall Street debt, and likely to start shedding American jobs to service it.

Breitbart framed the deal as a significant expansion of "Saudi Arabia's presence in the gaming and sports industries." CNBC called it "further Saudi expansion into the world of sports and gaming." Both treated the transaction as a business story. Neither asked why a foreign government is allowed to buy a major American technology and cultural company — or who signed off.

A sovereign wealth fund now controls the company behind Battlefield and its sports titles, financed with Wall Street debt and brokered with help from the president's son-in-law. The question isn't whether Saudi Arabia thinks American cultural assets are worth buying. The question is why nobody in Washington stopped them.